Pakelo acquires Uveol to strengthen industrial lubricants position

Italian lubricant producer Pakelo Motor Oil S.p.A. has acquired Uveol Srl, a specialist in metalworking and industrial lubricants, to strengthen its position in higher-value segments of the Italian lubricants market. The transaction, completed on December 17, involves the full acquisition of Uveol. Financial terms were not disclosed. Alberto Polacco, chief executive officer of Pakelo Motor Oil S.p.A., said the…

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